Stocks Head Lower In Turbulent Trading Session
The market opened upbeat as Citibank cut prime lending rate, but gains faded. The Dow fell to 907.72 after late declines and the NYSE composite slid 0.20 while the American Exchange index rose 0.07. traders watched Fed funds and Treasury bill rates for clues on future policy.
MENTIONED IN THIS ARTICLE
New York
Quiat
Dow Jones
Paliers
New York Stock
Tole
Wall Street
Fontey
Treasury
Federal Funds
Fed Funds
Federa Reserve
Lady Corp
Bia
Ywolumm Sader
Cedar Rapids hog market shows varied bids and discounts
Friday live hog prices ranged 47.00 to 47.50 for 200 to 220 lb butchers with grade and condition, sows around 41.40, and larger weights receiving 25 to 75 cent deductions per 10 lb. Cattle and other livestock prices appear mixed with futures and regional quotes from Des Moines Ames Waterloo and Chicago noted.
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Cedar Rapide
Chokce
Eer
Aroent
Omaha
Haas
Dorrows
U.S
Teedor
Jody
Ivanta
Des Moines
Man Arrested on Vehicle Damage Count
Marion Vernon Himus, 24, arrested on a charge of injury in a moe for veticrans in connection with a report at about 3 40 a m Friday police said the diary fled in congection with tresied bees removed from a vehicle owned by Denny Retard, 91 Eighth Avenue SE.
MENTIONED IN THIS ARTICLE
Marion Vernon Himus
Pilice
Denny Retard
Eighth Avenue SE
No Waterloo Hogs Effective Friday
The Gazelle will stop carrying the Waterloo hog market on a regular basis beginning Friday. Packing officials cite rapid price fluctuations that make accurate figures unreliable for any length of time.
MENTIONED IN THIS ARTICLE
Waterloo
Beans Off Corn Mixed In Commodity Market Report
Chicago prices show soybeans up one cent and near flat overall, May soybeans at 4.78. Corn eases modestly with May at 2.7044. Wheat edges down, May futures around 1.?00. City livestock and dairy prices mixed as market activity shows irregular demand and slaughter rates.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Bude
L Hipher
Ann Wert
Council to Seek Auditor Help on First Year Tax Levy
Cedar Rapids city council plans a special session Friday afternoon to formally request Linn county auditor to levy about 210200 to fund the first year debt service on the new community center. The action follows a 7 million general obligation bond sale approved by voters leaving the initial levy blank.
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Cedar Rapids
Ole Linn County
Ie Consell
Elly Ball
U S Aims to Cut Solar Cell Costs for Space and Earth
Washington AP reports a government program to reduce solar cell costs from about 20 dollars per watt to 50 cents by 1960 and possibly 20 cents per watt later. Dr. Marten Prince and colleagues at the Energy Research and Development Administration spoke at an American Physical Society meeting, noting solar cells power satellites and may expand to earth applications as costs fall.
MENTIONED IN THIS ARTICLE
Washington
Marten Prince
Els
Energy Research and Development Administration
Prince
American Physical Society
Local Gazette Briefs Mix Misprints and Ads
A string of misc notes and notices from a Cedar Rapids Gazette page includes misdated court and address errors, stolen cash and bicycles from local shops, missing items from lockers, and a flood of local ads for tours, tulip festivals, and Mother's Day merchandise. Also listed are bowling and racing events, shop openings, and community notices with several reader advisories.
S.-Made Jets Fly over Saigon On Anniversary
In Saigon crowds celebrate the South Vietnamese Liberation and May Day with Soviet and U.S. fighter escorts. Communist Party official Pham Hung spoke from Independence Palace balcony, praising a year of national achievements while promising ongoing effort to overcome difficulties.
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UPI
Tnm
Calors
South Vietnam
Communist Party
Pham
Independence Palace
Palace
Pham Hung
Thing
Regents Approve Supplemental Appropriation for Iowa Board
DES MOINES The Regents approved a 51.5 million supplemental appropriation for the Iowa board of regents. Funds target overcoming problems at the regents and shifting from federal funds. The measure includes incentives for fuel cost savings.
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Des Moines
Tha Lawn Nouse
Iowa Board of Regents
Initiatives Committee To Meet Saturday in Des Moines
Des Moines report says the Republican initiatives committee will convene at 10 a.m. Saturday at the Hotel Savery. State chairman Tom Staper notes the group aims to draft a proposed state platform for submission to the statutory convention. Forty three participants will attend, chaired by Rep. Andrew Varley of Stuart.
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Des Moines
Republican Initiatives Committee
Hotel Savery
Tom Staper
Andrew Varley
Stuart
Ford Aide Dies in Florida Campaign Spokesman Edwin Mertin
Edwin Green Mertin, a Florida campaign spokesman for President Ford and a noted newsman, died of a heart attack at age 43 on Thursday. The loss leaves Ford's Florida team without its long serving organizer and commentator.
MENTIONED IN THIS ARTICLE
Lake Wohth
Fla. AF
Edwin Green Mertin
Ford
Florida
Life Investors Reports Third Quarter Earnings Increase
Life Investors told shareholders at Thursday's annual meeting of higher earnings from operations in Q3 and a more than 50 percent gain in production credits. Six directors were elected to three year terms, including Leo Barry and William Brown, with executives noting reduced taxes and improved cash flow from foreclosed properties.
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Ronald L. Jensen
Company Presiden
Jensen
Life
Acros
Cedar Espida
Tite Investors
Leo
CG. Barry
Marion
Lite Investors Insurance Co
Atmetica
William C. Brown
Dubuque
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Thomas M. Collins
Cedar Rapids
Life, Investors Insurance Co. of
America
Shuttleworth
Tngersoll
Forest Evarhevaki
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